19.01.2024
The trend is descending. The upward wave structures are truncated. The stock is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell when the formation of the descending wave structure begins, where the wave A breaches the sloping channel of the ascending truncated structure.
Stop-Loss at 50.80.
Target price levels at 49.00 and 47.64.
#cisco #stock #stocktrading #tradingstrategies #tradingmt5
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